AGL CORPORATE CONVERSION ACT 2002 - As at 14 July 2023 - Act 16 of 2002
- As at 14 July 2023 - Act 16 of 2002Table of Provisions
PART 1 - PRELIMINARY
- 1 Name of Act
- 2 Commencement
- 3 Objects
- 4 Definitions
- 5 Preserved resolutions 6. (Repealed)
PART 2 - OVERVIEW OF THE CORPORATISATION AND REGISTRATION OF AGL AS A PUBLIC COMPANY
- 7 Summary of the steps involved in corporatisation and registration of AGL as a company
PART 3 - CONVERSION AND REGISTRATION RESOLUTIONS
Division 1 - Conversion resolutions
- 8 What is a conversion resolution?
Division 2 - Registration resolutions
- 9 What is a registration resolution?
Division 3 - Judicial review of conversion and registration resolutions
- 10 Application of this Division
- 11 Irregularities concerning conversion and registration resolutions
PART 4 - CONVERSION OF AGL INTO BODY CORPORATE
Division 1 - Constitution of AGL as a body corporate
- 12 AGL constituted as body corporate on conversion day
- 13 Order specifying conversion day
Division 2 - Provisions consequent on conversion of AGL into body corporate
Subdivision 1 - General- 14 Corporatised AGL is continuation of AGL 15. (Repealed) Subdivision 2 - Specific transitional matters
- 16 Assets, rights and liabilities of AGL taken to be assets, rights and liabilities of corporatised AGL
- 17 Preserved resolutions of AGL to continue to have effect after conversion day
- 18 Share capital and shareholdings in corporatised AGL
- 19 Officers and employees of AGL taken to be officers and employees of corporatised AGL
- 20 Contracts and arrangements with AGL
- 21 Construction of references to AGL and AGL legislation
- 22 Accounts of corporatised AGL
- 23 Auditor of AGL
- 24 Effect on proceedings
- 25 Subdivision does not limit section 14
Division 3 - Application of Corporations legislation to corporatised AGL
- 26 Application of Corporations legislation concerning companies to corporatised AGL
- 27 Application of certain ASX Listing Rules to corporatised AGL
- 28 Corporatised AGL authorised to issue public documents and negotiable instruments with AGL's existing ARBN 29. (Repealed)
- 30 Changes to corporate structure of corporatised AGL permitted
PART 5 - REGISTRATION OF CORPORATISED AGL AS A PUBLIC COMPANY
Division 1 - Authorisation to transfer incorporation
- 31 Corporatised AGL may apply to be registered as a public company under Corporations Act 2001
Division 2 - Compliance certificate
- 32 Minister may issue compliance certificate
Division 3 - Provisions consequent on transfer of incorporation of corporatised AGL
- 33 Registered AGL is continuation of corporatised AGL
- 34 Part 4 of Gas Industry Restructuring Act 1986 ceases to have effect on registration day
- 35 Registered AGL is authorised to use existing name
- 36 Registered AGL authorised to issue public documents and negotiable instruments with AGL's existing ARBN
- 37 Certain preserved resolutions continue in effect after registration day
- 38 Certain benefits and financial assistance given by registered AGL under a preserved resolution authorised
- 39 Application of certain ASX Listing Rules to registered AGL
- 40 Auditor and accounts of registered AGL
- 41 Use of amount standing to credit of share premium reserve
- 42 Exclusion of Corporations legislation that applies to registered AGL as federal law
PART 6 - MISCELLANEOUS
- 43 Regulations
- 44 Effect of this Act on contracts, instruments and related matters
- 45 Exemption from State tax 46. (Repealed)
- 47 Savings, transitional and other provisions Schedule 2 (Repealed)
- SCHEDULE 3
- SCHEDULE 4 Schedule 5 (Repealed)
- SCHEDULE 6